ZDNet broke the story today that SHEIN, a U.S. based fashion retailer, announced a breach that compromised the emails and encrypted passwords of 6.42 million users. IT security experts commented below.
Ruchika Mishra, Director of Products and Solutions at Balbix:
“This breach occurred in June, but it was only discovered it in late August. It’s clear that organizations like SHEIN rely heavily on reactive cyber-security strategies that detect and control breaches in progress or after that fact — and often not fast enough. What is really needed is a proactive strategy that enables organizations to avoid breaches in the first place…not two months after the fact.
With the number of potential threat vectors and number of IT assets increasing it is nearly impossible for resource-constrained security teams to observe and analyze all potential security issues on their own. This is where AI and deep learning can be leveraged to enhance the capabilities of human threat analysts. It’s not a human sized problem anymore and when these types of breach avoidance technologies are not in place, it’s no wonder threats can fall through the cracks.”
“The holiday shopping season is just around the corner and breaches like this often result in low customer trust and reduced sales. The timing of this incident and how long it went unnoticed can have serious business implications for SHEIN.
In today’s world, personally identifiable information is extremely valuable and must be protected at all costs. Every business is a target for hackers, and companies like SHEIN that own incredibly large customer databases must have continuous visibility into all of their assets, so they can quickly remediate potential threats and better protect consumer data.”
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